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BREAKING: Inflation posting the biggest one-month drop since April 2020. New June CPI data shows prices fell 0.4% from the previous month — the biggest monthly decline since April 2020 — bringing the annual inflation rate to 3.5% as price pressures continue to ease. The report lands just as... show more

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Federal Reserve Chairman Kevin Warsh vowed to tackle inflation during his first congressional testimony as the central bank's leader on Tuesday, saying rising prices have placed an "undue burden on American households and businesses.” “The members of our committee have no tolerance for persistently elevated inflation. And we share a resolute commitment to ensure price stability,” Warsh said. Warsh's comments came a CPI report released Tuesday showed inflation eased in June to an annual rate of 3.5% as gas prices fell.

Federal Reserve Chairman Kevin Warsh vowed to tackle inflation during his first congressional testimony as the central bank's leader on Tuesday, saying rising prices have placed an "undue burden on American households and businesses.” “The members of our committee have no tolerance for persistently elevated inflation. And we share a resolute commitment to ensure price stability,” Warsh said. Warsh's comments came a CPI report released Tuesday showed inflation eased in June to an annual rate of 3.5% as gas prices fell.

CBS News

22,073 views • 16 days ago

BREAKING: The stock market plunged sharply as new inflation data showed the annual CPI surging to 4.2% in May — up from 3.8% in April and marking the highest reading since April 2023. Fox Business: “Month-over-month, we got a jump of 0.5%, that was the expectation… 4.2% year over year… that’s a jump from last month’s 3.8%.”

BREAKING: The stock market plunged sharply as new inflation data showed the annual CPI surging to 4.2% in May — up from 3.8% in April and marking the highest reading since April 2023. Fox Business: “Month-over-month, we got a jump of 0.5%, that was the expectation… 4.2% year over year… that’s a jump from last month’s 3.8%.”

RedWave Press

73,369 views • 1 month ago

JUST IN: In April, wholesale prices saw the biggest monthly decline in more than five years. "You saw a much bigger cooling of inflation at the producer price level month-to-month."

JUST IN: In April, wholesale prices saw the biggest monthly decline in more than five years. "You saw a much bigger cooling of inflation at the producer price level month-to-month."

Rapid Response 47

184,583 views • 1 year ago

U.S. inflation shows signs of cooling as the Bureau of Labor Statistics reports the largest monthly decline since April 2020. Consumer sentiment also climbs to a five-month high, with Americans feeling relief from lower prices at the pump. Dana Alexa Watch OAN on OAN Live for updates.

U.S. inflation shows signs of cooling as the Bureau of Labor Statistics reports the largest monthly decline since April 2020. Consumer sentiment also climbs to a five-month high, with Americans feeling relief from lower prices at the pump. Dana Alexa Watch OAN on OAN Live for updates.

One America News

30,584 views • 12 days ago

Consumer prices post their biggest monthly drop since 2020... and the new Fed chair is sending a clear message: "Inflation is a choice." Kevin Warsh says the Federal Reserve's "number one objective" is getting monetary policy right, saying that inflation over the long run is largely determined by the Fed. "If we get policy right, and I can assure you we will, the inflation surge of the last five years will be a thing of the past."

Consumer prices post their biggest monthly drop since 2020... and the new Fed chair is sending a clear message: "Inflation is a choice." Kevin Warsh says the Federal Reserve's "number one objective" is getting monetary policy right, saying that inflation over the long run is largely determined by the Fed. "If we get policy right, and I can assure you we will, the inflation surge of the last five years will be a thing of the past."

Fox News

237,818 views • 16 days ago

Fed Chair Kevin Warsh said Tuesday the drop in US consumer prices in June does not mean "mission accomplished" on inflation. He promised Congress the central bank will deliver price stability and said policymakers have no tolerance for high inflation

Fed Chair Kevin Warsh said Tuesday the drop in US consumer prices in June does not mean "mission accomplished" on inflation. He promised Congress the central bank will deliver price stability and said policymakers have no tolerance for high inflation

Bloomberg

58,010 views • 16 days ago

British inflation fell to its lowest since March last year, according to official data that strengthened the case for an interest rate cut soon by the BoE, even as a measure of underlying price pressures remained strong. Read:

British inflation fell to its lowest since March last year, according to official data that strengthened the case for an interest rate cut soon by the BoE, even as a measure of underlying price pressures remained strong. Read:

Reuters

20,830 views • 5 months ago

Reporter: We're back to 3% inflation for the first time since January. The annual inflation rate moved in the wrong direction from 2.9% to 3%, a new 8 month high. When Trump was on the campaign trail he was saying inflation was out of control, but you can see clearly we're in a worse spot now than we were last fall when inflation was maybe the biggest issue on the minds of voters.

Reporter: We're back to 3% inflation for the first time since January. The annual inflation rate moved in the wrong direction from 2.9% to 3%, a new 8 month high. When Trump was on the campaign trail he was saying inflation was out of control, but you can see clearly we're in a worse spot now than we were last fall when inflation was maybe the biggest issue on the minds of voters.

FactPost

361,066 views • 9 months ago

🚨CNN was forced to admit inflation is already down: Consumer prices month-over-month, so this was actually a DROP of .1% — that's the first time we've seen that since COVID. Year-over-year, the annual inflation rate was at 2.4%. This was also BETTER THAN EXPECTED..."

🚨CNN was forced to admit inflation is already down: Consumer prices month-over-month, so this was actually a DROP of .1% — that's the first time we've seen that since COVID. Year-over-year, the annual inflation rate was at 2.4%. This was also BETTER THAN EXPECTED..."

Derrick Evans

34,294 views • 1 year ago

In the next hour, the latest monthly inflation figure will be published. Some experts believe food prices may have driven the rate to 3.5% in June, up from 3.4% in the previous month. The Chancellor has already admitted there is more to be done to get inflation down. Louisa James reports.

In the next hour, the latest monthly inflation figure will be published. Some experts believe food prices may have driven the rate to 3.5% in June, up from 3.4% in the previous month. The Chancellor has already admitted there is more to be done to get inflation down. Louisa James reports.

Good Morning Britain

20,760 views • 1 year ago

Housing expenses account for over 22% of the inflation rate. As rents rise, inflation goes up, so the RBA increases interest rates in an attempt to reduce inflation, which reduces new home supply, which increases rents, which increases inflation. #rba #CPI #afternoonbriefing

Housing expenses account for over 22% of the inflation rate. As rents rise, inflation goes up, so the RBA increases interest rates in an attempt to reduce inflation, which reduces new home supply, which increases rents, which increases inflation. #rba #CPI #afternoonbriefing

Craig Emerson

104,211 views • 3 years ago

Kevin Warsh, President Trump’s nominee to lead the Federal Reserve, said the US central bank needed a new framework for dealing with persistent inflation and pledged to support monetary policy independence

Kevin Warsh, President Trump’s nominee to lead the Federal Reserve, said the US central bank needed a new framework for dealing with persistent inflation and pledged to support monetary policy independence

Bloomberg

22,717 views • 3 months ago

Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain

Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain

Bloomberg

71,877 views • 11 months ago

"A big step in the right direction to start the year off." "Beat expectations." "A new eight-month low." "The lowest annual inflation rate for core since March of 2021 — before the inflation crisis." THANK YOU, President Donald J. Trump!

"A big step in the right direction to start the year off." "Beat expectations." "A new eight-month low." "The lowest annual inflation rate for core since March of 2021 — before the inflation crisis." THANK YOU, President Donald J. Trump!

Rapid Response 47

323,874 views • 5 months ago

Food prices had the biggest monthly increase since August 2022, and are now 2.7% higher than a year ago, according to the latest inflation report from the Bureau of Labor Statistics. Rebecca Jarvis reports as Americans pay more for beef, fruit and coffee.

Food prices had the biggest monthly increase since August 2022, and are now 2.7% higher than a year ago, according to the latest inflation report from the Bureau of Labor Statistics. Rebecca Jarvis reports as Americans pay more for beef, fruit and coffee.

World News Tonight

11,048 views • 10 months ago

Shoppers are feeling the impacts of inflation nationwide. New economic data shows that prices for wholesale products jumped 6% last month compared to a year ago, the fastest spike since December 2022.

Shoppers are feeling the impacts of inflation nationwide. New economic data shows that prices for wholesale products jumped 6% last month compared to a year ago, the fastest spike since December 2022.

CBS Evening News with Tony Dokoupil

13,270 views • 2 months ago

The latest monthly inflation figure will be published in the next hour. City experts are predicting a rate of 3.5% for November. That would be a slight fall from 3.6% in the previous month. It comes the day before the Bank of England will decide whether to cut interest rates. Richard Gaisford reports.

The latest monthly inflation figure will be published in the next hour. City experts are predicting a rate of 3.5% for November. That would be a slight fall from 3.6% in the previous month. It comes the day before the Bank of England will decide whether to cut interest rates. Richard Gaisford reports.

Good Morning Britain

16,645 views • 7 months ago

‘Truflation': Trump’s Actual Inflation Rate | E.J. Antoni, Ph.D. President Trump’s “clamoring for the Federal Reserve to lower interest rates” may finally pay off later this year when Kevin Warsh takes over as the new Fed chair. Trump “shouldn’t have to wait that long,” however, because his appeal to the Fed has been “on the grounds that inflation is much lower than what’s being officially reported,” explains E.J. Antoni, Ph.D., Ph.D., Heritage Foundation's chief economist. “ It turns out Trump is spot on with today's real inflation rate being only one-third the official metrics. In fact, these numbers come from the real-time price aggregator Truflation, which monitors millions of prices every single day. That is orders of magnitude more than the Bureau of Labor Statistics, or BLS, which only observes a few thousand prices just three times per month.” (00:00) Trump's Push for Lower Interest Rates (01:49) Understanding Real Inflation Rates (03:40) Comparing Truflation and CPI (06:26) Housing Costs and Inflation Metrics (09:02) The Impact of Lower Interest Rates (09:38) Conclusion and Next Steps 👉For more videos like this, subscribe to The Daily Signal’s YouTube channel and enable notifications to be alerted the second a new video drops:

‘Truflation': Trump’s Actual Inflation Rate | E.J. Antoni, Ph.D. President Trump’s “clamoring for the Federal Reserve to lower interest rates” may finally pay off later this year when Kevin Warsh takes over as the new Fed chair. Trump “shouldn’t have to wait that long,” however, because his appeal to the Fed has been “on the grounds that inflation is much lower than what’s being officially reported,” explains E.J. Antoni, Ph.D., Ph.D., Heritage Foundation's chief economist. “ It turns out Trump is spot on with today's real inflation rate being only one-third the official metrics. In fact, these numbers come from the real-time price aggregator Truflation, which monitors millions of prices every single day. That is orders of magnitude more than the Bureau of Labor Statistics, or BLS, which only observes a few thousand prices just three times per month.” (00:00) Trump's Push for Lower Interest Rates (01:49) Understanding Real Inflation Rates (03:40) Comparing Truflation and CPI (06:26) Housing Costs and Inflation Metrics (09:02) The Impact of Lower Interest Rates (09:38) Conclusion and Next Steps 👉For more videos like this, subscribe to The Daily Signal’s YouTube channel and enable notifications to be alerted the second a new video drops:

The Daily Signal

31,658 views • 5 months ago